FHA Investment Property Purchase Program

Investment Property Home Loan Programs:

An FHA three-unit home loan allows buyers to finance a multifamily property with just 3.5% down, provided they meet FHA guidelines and plan to live in one of the units. This loan is ideal for those looking to generate rental income while securing affordable homeownership. FHA loans offer lower credit score requirements and competitive interest rates, making them accessible to many borrowers. The property must meet FHA standards, and rental income from additional units may help qualify for a higher loan amount. With fixed and adjustable-rate options, FHA three-unit loans provide flexibility for owner-occupant real estate investors.

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Some of these features include:

  • Lower Credit Scores

  • Little (or No) Down-Payment Programs

  • Gifts can be used as the down payment

  • No Income Limits

  • 'Good Neighbor Next Door' Programs

  • 'Home Path Ready Buy Programs' to purchase previously foreclosed homes.

  • Energy-efficient mortgage FHA Loan Program and allows borrowers to combine the cost of energy-efficient upgrades into their FHA Loan loan upfront(without a larger down payment.)

  • FHA 203k Loans An FHA Backed Loan that lets you purchase a 'Fixer-Upper' home and borrow the money you may need up-front to pay for home improvement projects.

 

The important step in purchasing a new home is to get an FHA Pre-Approval Letter for a home loan. The peace of mind that comes with knowing that your mortgage loan has been approved will allow you to shop for your new home with confidence. And when you are ready to make an offer, the fact that you have already been pre-approved for your loan amount will give the seller confidence in you as a buyer.

FHA First Time Home Buyer Application